Qatar: Our economic measures are temporary, not structural

The Qatari Ministry of Foreign Affairs stated that the economic measures currently being implemented by Doha are temporary and not structural within the economic system, while simultaneously affirming that Iran’s closure of the Strait of Hormuz constitutes a violation of international law and that the strait must be restored to its previous status. The Qatari Foreign Ministry added that there is full coordination among Gulf states to address various escalation scenarios, noting the continuation of Qatari efforts to ensure the resumption of negotiations between the United States and Iran. Oil prices fell by more than 3%, with Brent crude dropping below $90 per barrel amid assessments of the impact of sanctions on Iran, and it was confirmed that there is no new development regarding the resumption of talks between Washington and Tehran.